Gold Price Hike

 

Why are gold prices skyrocketing? Will gold prices increase or decrease in the coming days? Let's try to find out the answers to these questions. 

Current gold prices are surprisingly increasing rapidly. By the beginning of October 2025, gold has reached about 4000 US dollars per ounce. This is an increase of more than 50% in the last one year. If we look at the last five years, the price of gold has almost doubled, from 1700 dollars to about 3800 to 4000 dollars per ounce. In the last few years, especially in 2024 and 2025, gold has become increasingly expensive. 

Major reasons for the increase in the price of gold include: 

1. Due to political tensions, war situations, and economic uncertainty around the world, people are buying gold to preserve their wealth. 

2. Since gold is bought in dollars and the dollar is currently relatively weak, it has become easier for other countries to buy gold, increasing the price. 

3. Interest rate cuts or expectations of cuts are also a major reason for the rise in gold. When banks lower interest rates, investors buy gold in search of safe assets. 

4. Large purchases by central banks and financial institutions are also a major reason for the rise in price. Large institutions and central banks around the world are adding gold to their reserves. 

5. People are also buying gold due to fears of inflation and currency devaluation, to protect their wealth and avoid the effects of inflation. 

What will happen in the coming days and weeks? This is an important question that everyone wants to know the answer to.

If global conditions remain uncertain or there is news of further interest rate cuts, gold can go up further. However, since the price has already risen a lot, a slight decline or profit-taking is also possible. Experts say that the next target for gold could be $4,200 to $4,500 per ounce. 

If conditions improve and the economy stabilizes, the price could remain stable or even slightly lower for some time. Some international institutions, such as Goldman Sachs, have predicted that gold could reach $4,900 per ounce by the end of 2026. However, if the market suddenly stabilizes, a decline is also possible.